Burkett Asset Management Ltd Takes $1.40 Million Position in Unilever PLC $UL

Burkett Asset Management Ltd bought a new stake in shares of Unilever PLC (NYSE:UL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,470 shares of the company’s stock, valued at approximately $1,404,000. Unilever makes up approximately 1.4% of Burkett Asset Management Ltd’s portfolio, making the stock its 24th largest position.

Several other institutional investors also recently bought and sold shares of UL. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Unilever during the fourth quarter valued at $268,704,000. Wellington Management Group LLP grew its stake in Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. Norges Bank purchased a new position in Unilever during the fourth quarter valued at $132,027,000. Munich Reinsurance Co Stock Corp in Munich purchased a new position in Unilever during the third quarter valued at $82,461,000. Finally, Fisher Asset Management LLC grew its stake in Unilever by 4.4% during the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock valued at $1,336,048,000 after acquiring an additional 959,269 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Unilever has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Price Performance

Shares of NYSE:UL opened at $58.36 on Friday. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97. The firm has a fifty day simple moving average of $57.33 and a two-hundred day simple moving average of $63.40.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.